Investment Policy Statement Consultation

Investment Policy Statement Consultation

One of the primary fiduciary roles that finance and investment committees play is to implement and/or monitor the implementation of their organization’s Investment Policy Statement (IPS).  At the beginning of each new institutional client relationship, our first responsibility as advisors is to get to know the client.  The best way for us to do so is to review and analyze the existing IPS. We have developed what we believe to be a “best practices” outline for an organization’s IPS, and we use this outline to lead your committee through the process of review and possible rewrite.

In most cases, our first meeting with a new client encompasses a fresh discussion of the goals and objectives of the organization.  We challenge each element of the existing policy statement to assist in ensuring that it reflects the organization’s objectives, tolerance for risk, commitments and funding obligations.  We will attend each committee meeting prepared to answer questions and to recommend specific alternative courses of action supported by what we believe to be a rigorous analysis.  We will also provide drafts that the committee may wish to discuss between meetings.  We will review the existing IPS as part of our biennial plan.